Revealing a significant insider sell on May 9, Ryan Stafford, EVP at Littelfuse (NASDAQ:LFUS), as per the latest SEC filing.
What Happened: A Form 4 filing with the U.S. Securities and Exchange Commission on Thursday outlined that Stafford executed a sale of 2,219 shares of Littelfuse with a total value of $568,796.
Littelfuse shares are trading down 0.0% at $255.99 at the time of this writing on Thursday morning.
Discovering Littelfuse: A Closer Look
Littelfuse is a primary provider of circuit protection products (such as fuses and relays) into the transportation, industrial, telecommunications, and consumer electronics end markets. The firm is also increasing its power semiconductor business, where it predominantly serves industrial end markets and is breaking into electric vehicle charging infrastructure. Littelfuse has 17,000 global employees.
Financial Milestones: Littelfuse's Journey
Revenue Challenges: Littelfuse's revenue growth over 3 months faced difficulties. As of 31 March, 2024, the company experienced a decline of approximately -12.2%. This indicates a decrease in top-line earnings. When compared to others in the Information Technology sector, the company faces challenges, achieving a growth rate lower than the average ...